Rutgers University Financial Statistics and Risk Management program

Rutgers University Financial Statistics and Risk Management program

Full-time, part-time
Application deadline
Piscataway, NJ
The Financial Statistics and Risk Management Program (FSRM) at Rutgers University offers a 30-credit Master’s degree in Statistics focused on the analysis and modeling of financial data and risk management. Unlike traditional quantitative finance programs that focus primarily on mathematical modeling for developing and pricing complex derivative products, the FSRM Program is unique in heavily emphasizing statistical tools and data analytics for measuring, monitoring, managing and mitigating uncertainty, risk and volatility. Courses are taught by a faculty of experts in the mathematics of uncertainty and in statistical modeling and data analysis. Industry practitioners also contribute to instruction and training. As of Spring 2019, professors of practice included Gordon Ritter,’s buy-side quant of the year award winner.

With the marked increase in applications of machine learning and artificial intelligence in finance, the FSRM program is well positioned to prepare students for roles in this new frontier of finance given its heavy focus on statistics and data analysis – two core building blocks and competencies needed for machine learning and artificial intelligence applications. Courses are offered in the evening and the program is often completed in 3 semesters. Students can enroll full-time or part-time.

Program website: Financial Statistics and Risk Management | School of Arts and Sciences - Rutgers, The State University of New Jersey
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The FSRM program at Rutgers helps me a lot to dive deep into the field of financial statistics and risk management and has given me an incredible experience to become a quantitative risk analyst.

The curriculum covers all key dimensions of financial statistics and risk management with an emphasis on real-world financial data analysis and applications. The professional services benefit a lot of students to get their first U.S experience in financial technology, brokerage and banking industries. The practitioner seminar invites outstanding
professionals from the industry, providing a good opportunity for us to learn practical applications and to network with potential employers. Some courses are instructed by the best industrial practitioner on Wall Street (2018 Buy-side quant of the year), demonstrating to us how statistical theories are applied in buy-side investment and risk management. Practical projects, real-world case studies, opportunities to talk with outstanding alumni and various workshops about financial theory, all keep students ahead of the curve and closely in tune with changing financial markets. The close-knit FSRM community always give me the feeling of being at home and supported.
I'm a graduate of May 2019 from FSRM. This program is truly awesome, every course is helpful and necessary for you to become a young profession in quant, especially in the field of risk management. The disadvantages are that you can only take 10 or 11 courses due to the two-year time limit, you have to make choices on what to take away from there.